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Question;1. (TCO 9) Which of the following is a variable cost? (Points: 4)Direct materialsDepreciationLease chargeProperty taxesQuestion 2.2. (TCO 9) Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets? (Points: 4)Direct materials costDirect labor costVariable manufacturing overheadFixed manufacturing overheadQuestion 3.3. (TCO 9) The Chambers Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at 2,300 machine hours. The records also indicated that overhead of $9,730 was incurred at 2,600 machine hours. What is the variable cost per machine hour using the high-low method to estimate the cost equation? (Points: 4)$2.78$2.86$3.10$3.38Question 4.4. (TCO 8) Southern Company?s budgeted and actual sales for 2009 were:ProductBudgeted SalesActual SalesX20,000 units at $5.00 per unit17,500 units at $5.30 per unitY35,000 units at $9.00 per unit37,300 units at $8.80 per unitWhat is the sales volume variance for the two products? (Points: 4)$6,990 Favorable$8,200 Favorable$6,990 Unfavorable$8,200 UnfavorableQuestion 5.5. (TCO 8) Southern Company manufactures Product X. The standard cost of one unit of output is $12.00 (four pieces at $3.00 per piece). During the first quarter, 5,000 units were made, at an actual cost of $10.50 per unit (three pieces at $3.50 per piece). What is the total material variance? (Points: 4)$7,500 Favorable$15,000 Favorable$7,500 Unfavorable$15,000 Unfavorable

Paper#38983 | Written in 18-Jul-2015

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